Ranked in 3 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
The average time taken for SELECT SERVICE PARTNER UK LIMITED to pay invoices has generally increased over the past three periods, with a significant jump from 25 days in 2018-2019 to 40 days in 2019-2020. However, there has been a slight improvement in the latest period, with the average time decreasing to 40 days.
The volatility in the percentage of invoices paid within 30 days has been relatively stable, ranging from 37% to 45%. However, there has been a significant increase in the percentage of invoices paid between 31 and 60 days, from 34% in 2018-2019 to 59% in 2020-2021. The percentage of invoices paid later than 60 days has also fluctuated, with the highest being 40% in 2020-2021.
In the past three periods, SELECT SERVICE PARTNER UK LIMITED has seen an increase in the average time taken to pay invoices, with a slight improvement in the latest period. The percentage of invoices paid within 30 days has remained relatively stable, but there has been a significant increase in the percentage of invoices paid between 31 and 60 days. The worst period for late payments was in 2020-2021, where 40% of invoices were paid later than 60 days.
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Feb 2025 - 30 Sept 2025 | 21 Nov 2025 | 39 | 38% | 57% | 5% | 54% |
| 28 Sept 2024 - 31 Jan 2025 | 21 Nov 2025 | 39 | 43% | 52% | 5% | 77% |
| 28 Mar 2024 - 27 Sept 2024 | 21 Nov 2025 | 41 | 45% | 50% | 5% | 77% |
| 01 Oct 2023 - 27 Mar 2024 | 21 Nov 2025 | 41 | 45% | 48% | 7% | 46% |
| 30 Mar 2023 - 27 Sept 2023 | 03 Oct 2023 | 40 | 45% | 49% | 5% | 5% |
| 29 Sept 2022 - 29 Mar 2023 | 25 Apr 2023 | 40 | 42% | 51% | 7% | 52% |
| 31 Mar 2022 - 28 Sept 2022 | 31 Jan 2023 | 42 | 42% | 50% | 8% | 62% |
| 30 Sept 2021 - 31 Mar 2022 | 19 Aug 2022 | 47 | 43% | 48% | 9% | 60% |
| 01 Apr 2021 - 31 Oct 2021 | 03 Nov 2021 | 50 | 43% | 48% | 9% | 65% |
| 01 Oct 2020 - 31 Mar 2021 | 28 Apr 2021 | 95 | 38% | 34% | 28% | 67% |
| 26 Mar 2020 - 30 Sept 2020 | 30 Oct 2020 | 84 | 18% | 42% | 40% | 93% |
| 26 Sept 2019 - 25 Mar 2020 | 03 Sept 2020 | 40 | 33% | 59% | 8% | 56% |
| 28 Mar 2019 - 25 Sept 2019 | 03 Sept 2020 | 40 | 36% | 57% | 7% | 56% |
| 27 Sept 2018 - 27 Mar 2019 | 18 Jul 2019 | 25 | 63% | 34% | 3% | 38% |
| 29 Mar 2018 - 26 Sept 2018 | 18 Jul 2019 | 25 | 37% | 57% | 6% | 36% |
| 28 Sept 2017 - 28 Mar 2018 | 01 May 2018 | 23 | 45% | 51% | 4% | 31% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Unless specially negotiated suppliers are paid at the end of the month following the date of the invoice.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
60
A claim relating to any disputed invoice is raised with the supplier. Select Service Partner UK Limited has standardised processes for managing supplier payments and a dedicated team responsible for supplier reconciliations and dispute resolution.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
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Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Select Service Partner UK Limited is part of SSP Group, which designs, creates and operates restaurants, bars, cafes, lounges and convenience retail outlets for travellers at airports and railway stations. The wider group operates across nearly 40 countries with around 575 locations and about 49,000 colleagues worldwide, working with food and beverage brands in transport hubs. This UK registered company forms part of that international operation, reflecting its SIC classifications covering licensed and unlicensed restaurants, cafes, takeaway food outlets and public houses. The group's stated purpose is to be the best part of the journey for travellers, with new openings and airport contracts reported across multiple countries including the USA, Canada and New Zealand.
Generated from the company's website and Companies House records. Sources: foodtravelexperts.com